Citigroup Reinstates Buy on Blue Owl Cap, Announces $21 Price Target
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Christopher Allen reinstates Blue Owl Cap (NYSE:OWL) with a Buy rating and sets a $21 price target.
May 14, 2024 | 1:09 pm
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Citigroup analyst Christopher Allen reinstated Blue Owl Capital with a Buy rating and set a price target of $21.
Analyst ratings, especially from a major financial institution like Citigroup, can significantly influence investor sentiment and stock prices. A reinstatement to Buy suggests a positive outlook on the stock, potentially leading to increased investor interest and a rise in stock price. The $21 price target indicates a bullish view on the stock's future performance.
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